Gig Economy: How to Jump In During a Career Transition

The term “gig economy” refers to a workforce that’s defined by short-term engagements, temporary contract work and independent contracting. As such, the gig economy includes freelancers, contractors, side hustlers and anyone who’s making money on the side or earning full-time income with various short-term projects, rather than a single full-time job.

While this may seem like just another new buzzword, the gig economy is booming. In fact, the Bureau of Labor Statistics found that 5.9 million people held “contingent jobs” in May of 2017, which represents 3.8 percent of

Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent. Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing.